Lost $87,000 of my savings in crypto
So about 70% of my net worth. Debating throwing rest in to win it back.
Haha damn man I’m sorry
There’s always time to come back
What was your portfolio a year ago exactly?
Cryptocurrency....
Time to start over
Don’t leave us hanging , tell the complete story. When did you start investing? How much ? What was your net worth at its peak ?
Since this is anonymous I started when my barber told me he was buying bitcoin. So I thought why not. That was last November. Went in small. Then more. Then pushed in real big April and May bitcoin and ethetium. Only money I made was on LTC for $12 against over $15k exposure in a gift I broke even before it busted. So then I decided to throw away my Coinbase credentials and ignore everything. Well then it started diving. And I bought in more on way down. And here we are.
Your barber told to buy bitcoin...
DOUBLE DOWNNNNN
Yeah, wait for Uber to go IPO and buy it!
No. Wait for LOCKUP and then buy it then to keep the prices more stable
Look, bottom line reality is that crypto is not investment, it’s the wildest of wild ass speculation. Consider your losses sunk costs and move on with legitimate investments.
I’d still consider it an investment
Buying anything is an investment. This one is just not good.
Bummer. But that’s why we diversify. Wouldn’t throw the rest in. Sunk cost fallacy to in my eyes.
Go big or go home